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Updated over 3 years ago, 04/20/2021

User Stats

14
Posts
3
Votes
Kacper Scheibe
3
Votes |
14
Posts

Creative ways for financing 6 unit with a business partner

Kacper Scheibe
Posted

Hello hope everyone is doing well. I had this thought which I don't know the answer to. Looking for some help. Lets say my partner and I wanted to purchase a 6 unit property. Could you by chance split a property in two and use to loans on each side Maybe some zoning or contractual things? I know it is a commercial property but was there a way around the 25% down payment. Thank you

Account Closed
  • Lender
  • Charlotte, NC
117
Votes |
218
Posts
Account Closed
  • Lender
  • Charlotte, NC
Replied

What is the reason that you look for some loan to split one property? I don't think any lender can be that creative because they can't foreclosure half of a property.

User Stats

14
Posts
3
Votes
Kacper Scheibe
3
Votes |
14
Posts
Kacper Scheibe
Replied

@Account Closed I guess my question I am asking is if my partner and I both have a FHA loan. Is there a way to combine the loans to purchase a commercial property.

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